The state-run Bangladesh Petroleum Corporation (BPC) has forfeited (moved to forfeit) a performance guarantee (PG) worth around US$ 1.697 million (Tk 212.21 million) from a contracted oil supplier for the latter's failure to supply diesel as per schedule. The BPC sent a letter to Shahjalal Islami

The lone buyer of electricity from the Rooppur Nuclear Power Plant (RNPP) is still unaware of the tariff it will have to pay for purchasing power from the country's first nuclear power facility. "I don't have any information about how much the tariff of the RNPP will be," Chairman of the state-run

The World Bank's additional US$ 350 million worth of loan guarantee to facilitate Bangladesh's liquefied natural gas (LNG) import payments is expected to be effective from 2027. The additional financing, which was approved on May 15 under the Energy Sector Security Enhancement Project (ESSEP), wil

Bangladesh is preparing to launch its first onshore oil-and-gas bidding round in nearly three decades as the government seeks to accelerate exploration, reverse declining domestic gas output and reduce dependence on costly energy imports. The government has moved to launch an onshore bidding round

Sri Lankan conglomerate Softlogic Group plans to enter Bangladesh's services sector with the acquisition of a life-insurance company and a hospital to begin with. Chairman of the group Ashok Pathirage told The Financial Express on Monday about initial progress they have made. "We have agreed to b

Sri Lankan business conglomerate Softlogic Group is eyeing entering Bangladesh’s service sector by buying a life insurance company and a hospital, chairman of the group Ashok Pathirage told The Financial Express on Monday. “We have agreed to buy one of the life insurance companies in B

A much-sought-after bidding round offering some 26 offshore hydrocarbon blocks to potential international oil companies (IOCs) with sweetened terms is expected to be launched shortly, says a senior official of Petrobangla. The energy and mineral resources division (EMRD) under the Ministry of Powe

The country has sufficient octane stocks to meet the domestic demand for at least two and a half months, said state minister for the Ministry of Power, Energy and Mineral Resources (MPEMR) Aninda Islam Amit. “With the existing octane stock, we shall be able to meet domestic demand until June